Wealth Enhancement Advisory Services LLC raised its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 412.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,163 shares of the bank's stock after acquiring an additional 18,645 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in KB Financial Group were worth $1,430,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. BOCHK Asset Management Ltd purchased a new stake in shares of KB Financial Group during the 3rd quarter worth approximately $25,000. Hilltop National Bank purchased a new stake in shares of KB Financial Group during the 2nd quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of KB Financial Group by 66.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank's stock worth $44,000 after buying an additional 310 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of KB Financial Group by 35.6% during the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank's stock worth $53,000 after buying an additional 245 shares during the last quarter. Finally, CWM LLC lifted its position in shares of KB Financial Group by 5.7% during the 3rd quarter. CWM LLC now owns 2,851 shares of the bank's stock worth $176,000 after buying an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th.
Read Our Latest Analysis on KB Financial Group
KB Financial Group Stock Performance
NYSE:KB traded up $1.20 during trading hours on Tuesday, reaching $66.44. 120,347 shares of the company's stock were exchanged, compared to its average volume of 199,786. The firm has a market capitalization of $26.15 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 0.58 and a beta of 0.97. The company has a 50-day moving average of $64.47 and a 200 day moving average of $60.80. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. KB Financial Group Inc. has a 1-year low of $36.57 and a 1-year high of $72.89.
KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $2.70 by $0.36. The firm had revenue of $3.18 billion during the quarter. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. Research analysts anticipate that KB Financial Group Inc. will post 9.29 EPS for the current year.
About KB Financial Group
(
Free Report)
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.
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